Tag Archives: March

The March Inflation Numbers

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On Wednesday, MSNBC posted the March Inflation Numbers. As any consumer can tell you, inflation is still and issue.

The article reports:

  • The consumer price index, a key inflation gauge, rose 3.5% in March, higher than expectations and marking an acceleration for inflation.
  • Shelter and energy costs drove the increase. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago.
  • Following the report, traders pushed the first expected rate cut out to September, according to CME Group calculations.

The article notes:

Stocks slumped after the report while Treasury yields spiked higher.

Shelter and energy costs drove the increase on the all-items index.

Energy rose 1.1% after climbing 2.3% in February, while shelter costs, which make up about one-third of the weighting in the CPI, were higher by 0.4% on the month and up 5.7% from a year ago. Expectations for shelter-related costs to decelerate through the year have been central to the Fed’s thesis that inflation will cool enough to allow for interest rate cuts.

Food prices increased just 0.1% on the month and were up 2.2% on a year-over-year basis. There were some big gains within the food category, however.

The measure for meat, fish, poultry and eggs climbed 0.9%, pushed by a 4.6% jump in egg prices. Butter fell 5% and cereal and bakery products declined by 0.9%. Food away from home increased 0.3%.

Elsewhere, used vehicle prices fell 1.1% and medical care services prices rose 0.6%.

The past three years or so have not been a good time for most Americans. Inflation has increased the cost of simply maintaining an average lifestyle. It will be interesting to see if inflation can be brought under control by November and if people will vote their pocketbooks.

Prepare For A False Flag Operation Tomorrow

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My source for this article is the Canada Free Press, but I have come across this story elsewhere.

The article at the Canada Free Press reports:

The Internet is rife with rumors that antifa will march shoulder to shoulder with pro-gun protesters about to descend on Virginia’s capital tomorrow—including one claiming that it will be antifa activists wearing red MAGA caps and NRA garb this time.

If true, pro-gun protesters should take lots of pictures for uploading to the ‘Net during the event—because it will be the first time the anarchists appear anywhere without their signature masks:

…On Friday State Senator Amanda Chase issued a warning to those attending the Monday rally.

“We are being set up!” (Gateway Pundit, Jan. 18, 2020)

“Senator Chase wrote this on her Facebook page.

“I want you to be aware of how we are being set up.

“If people show up wearing any kind of uniform, patch or other symbol on their clothing signifying they belong to a militia and something goes wrong, you could/will be held as a domestic terrorist.

“If anyone steps out of line, all it takes is one person, it may even be a government plant….if that plant does anything to disrupt the rally, you could/will be arrested as a domestic terrorist.”

“They have labeled us as potential domestic terrorists for a long time now.

“…The groundwork has been laid to brand you as a domestic terrorist.

On January 16th, The Daily Caller reported:

“I think it’s been pretty important for us to focus on the fact that gun control in America has a legacy of racist enforcement,” an Antifa Seven Hills spokesperson called James, a self-identified anarchist who withheld his real name for fear of getting doxxed, told Vice. “Like taking guns away from black people, because black people were perceived as a threat to property and the sanctity of the state.”

“This is our fight as much as anyone else’s,” James continued. “It’s our state, and we are left largely out of the debate. The presence of an armed left is not discussed, it’s not understood.”

To the “armed left,” gun control represents the rise of a police state and the oppression of minorities made powerless by disarmament, but it’s a class issue as well.

When people fail to study the intention of the Founding Fathers in writing The Bill of Rights, they become very confused about what the Second Amendment represents. The Second Amendment was put in place to arm citizens against the type of tyrannical government they had just fought a revolution against. Every American is covered by the Second Amendment–there is no race involved. The charge of a legacy of racism needs to be looked at in context. America has made some mistakes in the area of race, but race does not define our country. America was one of the first countries to end slavery, and unfortunately slavery continues today in some of the countries that have oddly enough been named to the United Nations Human Rights Commission.

Be very careful about what news you believe about Virginia in the next week. The possibilities of media mischief and false flags abound.

Bouncing Back

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Yesterday CNBC reported the following:

After a disappointing February in which just 20,000 jobs were added to the economy, the job market is back on track, adding 196,000 jobs in March.

That’s according to the latest report from the Bureau of Labor Statics, which also showed unemployment remaining at 3.8% and wages increasing by 3.2% from a year ago.

“I think the March report will reassure investors after the weak report in February brought about concerns of a possible slowing economy,” Glassdoor’s chief economist Andrew Chamberlain tells CNBC Make It. “The report is strong across the board and it’s hard to find any weaknesses. It shows that even after 102 months of positive job gains, the economy still has room to grow.”

At some point the economy will slow down. We have not yet dealt with the debt that runaway spending has created in recent years, and we have not yet fully revised trade deals that were detrimental to our country. However, March was a good month for Americans looking for work and Americans in the workforce.

The article reminds us that there may be a recession in the future, but not in the near future:

Though February’s numbers may have been alarming to some, Hamrick, Gimbel and Chamberlain agree that there’s no need to worry about a recession just yet.

“There’s no sign that one is imminent,” says Hamrick, though he adds, “we know that one is inevitable at some point.”

Gimbel adds that, “In 2018, we created, on average, about 200,000 jobs per month. That is astonishing at this point in the recovery and highly unlikely that the economy is going to keep that up moving forward. So if we drop down to creating 180,000 jobs a month, or 150,000 or even 100,000, that is OK.”

Having a businessman as President has been a good thing for the majority of Americans.

The War On Crimes Against Children

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The Washington Times reported today that between March and May, the Justice Department arrested more than 2,3000 suspected online child sex offenders.

The article reports:

The operation was conducted by the Justice Department’s Internet Crimes Against Children task forces. All told, 195 offenders who either produced child pornography or committed child sexual abuse and 383 children who suffered sexual abuse were identified, the Justice Department said.

…The 61 Internet Crimes Against Children task forces are comprised of more than 4,500 federal, state and local law enforcement agencies. It targets suspects who produce, distribute or receive child pornography as well as those who engage in the sex trafficking of children or travel across state lines or to foreign countries to abuse children.

The Trump administration announced on March 13, 2018, that it was declaring war on human trafficking. Pornography is directly related to the crime of human trafficking. It is good to see the President following through on this announcement.

The Numbers Behind The Numbers

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The Stock Market climbed and the media rejoiced–the unemployment rate dropped to 7.5% in March–down 0.4 percentage points since January. At least it did not go up.

The New York Times reported yesterday that in spite of the fact that unemployment decreased and the economy added jobs, that since 2010 the number of Americans with jobs has stayed between 58.2 percent and 58.7 percent. Hot Air reported yesterday that the civilian workforce participation rate remained at a 34-year low of 63.3%.

Hot Air also reported:

…the number of people not in the workforce declined slightly in the Household data from March by 31,000. It’s still 632,000 higher than in February. Discouraged workers rose by 32,000 and marginally-attached workers rose by 21,000, both of which are relatively narrow shifts.

The New York Times reported:

Baby boomers are aging into retirement. Even before the recession, the government projected in 2007 that participation would decline to 65.5 percent by 2016, from 66 percent. But the April rate of 63.3 percent means the labor force has lost roughly five million additional workers.

Furthermore, the projections were wrong. Participation has actually risen among people older than 55. The decline is entirely driven by younger dropouts.

It is good that the unemployment number is down to 7.5%; however, we have a long way to go before we actually have a healthy economy. The two biggest challenges to the economy in the coming months will be the implementation of ObamaCare and the increased taxes that go with that implementation. We won’t really understand the financial impact of ObamaCare until late this year when people begin to plan for the tax rates of 2013 and when people begin to see ObamaCare directly affect their health insurance and health insurance premiums.

The article at Hot Air quotes Reuters:

Still, details of the report remained consistent with a slowdown in economic activity. Construction employment fell for the first time since May, while manufacturing payrolls were flat. The average workweek pulled off a nine-month high, but average hourly earnings rose four cents[.]

The New York Times article concludes:

There is always some unemployment. Millions of Americans are out of work at any given moment even in the best of times. But the economy is still roughly 10 million jobs short of returning to normal levels of unemployment and labor force participation. That’s a lot of missing jobs.

Some of those losses may be permanent. The number of Americans receiving disability benefits has increased by 1.8 million since the recession began, and people on disability rarely return to the work force, even if they would have preferred to keep working in the first place.

And as the economy improves, it is likely that labor force participation among older workers will finally begin to decline.

But the evidence suggests that the majority of the 10 million are just waiting for a decent chance.

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